Neuberger Berman Group LLC Has $954,000 Holdings in Halliburton Company $HAL

Key Points

• Neuberger Berman Group LLC reduced its stake in Halliburton Company by 34.0%, selling 19,373 shares and holding 37,590 shares worth $954,000 at the end of the first quarter.
• Other institutional investors, like Charles Schwab Investment Management Inc., have also significantly increased their investments, with Schwab raising its stake by 450.9% during the same period.
• Halliburton recently announced a quarterly dividend of $0.17 per share, representing an annualized dividend of $0.68 and a yield of 3.2%.

Neuberger Berman Group LLC trimmed its position in shares of Halliburton Company (NYSE:HAL - Free Report) by 34.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 37,590 shares of the oilfield services company's stock after selling 19,373 shares during the quarter. Neuberger Berman Group LLC's holdings in Halliburton were worth $954,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HAL. Charles Schwab Investment Management Inc. boosted its position in Halliburton by 450.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 29,941,771 shares of the oilfield services company's stock worth $759,623,000 after purchasing an additional 24,506,472 shares in the last quarter. Nuveen LLC purchased a new position in Halliburton during the first quarter worth $72,637,000. Barrow Hanley Mewhinney & Strauss LLC increased its position in Halliburton by 15.6% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,093,680 shares of the oilfield services company's stock worth $437,587,000 after buying an additional 2,171,722 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Halliburton by 121.8% in the first quarter. Victory Capital Management Inc. now owns 3,306,224 shares of the oilfield services company's stock valued at $83,879,000 after purchasing an additional 1,815,357 shares during the period. Finally, Twinbeech Capital LP grew its position in shares of Halliburton by 314.1% in the fourth quarter. Twinbeech Capital LP now owns 2,044,661 shares of the oilfield services company's stock valued at $55,594,000 after purchasing an additional 1,550,920 shares during the period. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Royal Bank Of Canada lowered their price objective on Halliburton from $28.00 to $24.00 and set a "sector perform" rating for the company in a research report on Wednesday, July 23rd. Melius Research started coverage on Halliburton in a research report on Wednesday. They issued a "buy" rating and a $41.00 target price for the company. Melius started coverage on Halliburton in a report on Wednesday. They issued a "buy" rating and a $41.00 price target for the company. Barclays reduced their price target on Halliburton from $26.00 to $22.00 and set an "equal weight" rating for the company in a report on Wednesday, July 23rd. Finally, Piper Sandler cut Halliburton from an "overweight" rating to a "neutral" rating and set a $25.00 price objective on the stock. in a research note on Monday, July 28th. Fourteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Halliburton has a consensus rating of "Moderate Buy" and a consensus price target of $32.05.

Halliburton Price Performance

Shares of HAL traded up $0.0250 during trading hours on Wednesday, hitting $21.1350. 4,611,919 shares of the company were exchanged, compared to its average volume of 13,639,165. The company has a market capitalization of $18.02 billion, a PE ratio of 9.82, a PEG ratio of 3.73 and a beta of 1.12. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.00 and a quick ratio of 1.47. The firm has a fifty day simple moving average of $21.66 and a 200-day simple moving average of $22.46. Halliburton Company has a one year low of $18.72 and a one year high of $32.57.

Halliburton (NYSE:HAL - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share for the quarter, hitting the consensus estimate of $0.55. The business had revenue of $5.51 billion during the quarter, compared to analyst estimates of $5.43 billion. Halliburton had a return on equity of 21.45% and a net margin of 8.37%.The company's revenue was down 5.5% compared to the same quarter last year. During the same period last year, the company posted $0.80 EPS. As a group, sell-side analysts predict that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, September 3rd. Halliburton's dividend payout ratio (DPR) is 31.78%.

About Halliburton

Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.